All right, everyone repeat: There is no such thing as 'price gouging.' There is no such thing as 'price gouging.'
First of all, what's wrong with asking whatever price strikes one's fancy for a good one owns? If a gas station wants to ask $1,000,000 a gallon for regular, isn't that its right as the owner of the gas?
Secondly, if gas stations or oil compannies or whoever can "ignore supply and demand" and still sell their product at a price set by their whim, then why in the world would they wait for a crisis to raise prices? Why didn't they raise them to $3.40 a year ago, or ten years ago? Are the managers so stupid that they don't realize a crisis is the worst time for them to raise prices, since everyone will shout about gouging?!
The whole concept of gouging is complete rubbish.